Investing is more of a common sense than intelligence. An investor with high IQ and low EQ is not intelligent at all. In the contrary world on intelligence is considered as a measured value of IQ, but in the investing world it plays little role. Sure a person with high IQ can calculate the risk and rewards, the sectorial cage growth or even can find his own formula to find multibagger. But if he is fragile on patience and discipline, he won't be the intelligent investor. Investing is a fun process until we see a major loss. When confronted with such situations, we forget everything and the primitive brain of flight or fight gets activated. So most investors sell their holding along with the masses instead of buying more at the discounted price. They know the market is gonna revive sooner and stronger, but they won't listen to their logical mind and keep their selling activity on. Here the fear surmounts every knowledge and experience. So it is important to be an intelligent investor with little common sense and more patience.
There are two ways you can look at it. one is dangerous to yourself and the second is to others. In both cases, the only difference is where the fear is directed. Because with fear, you can do many things and make people do things for you. but once the fear is gone, then you won't necessarily get the desired outcome. Fear is only a motivator. It won't stay for long. Either you must increase the fear or find an alternative means.
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